Share Name Share Symbol Market Type Share ISIN Share Description
De La Rue Plc LSE:DLAR London Ordinary Share GB00B3DGH821 ORD 44 152/175P
  Price Change % Change Share Price Shares Traded Last Trade
  0.80 1.22% 66.50 229,895 16:29:55
Bid Price Offer Price High Price Low Price Open Price
66.50 67.40 70.80 63.60 68.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 564.80 25.50 16.50 4.0 69
Last Trade Time Trade Type Trade Size Trade Price Currency
17:09:25 O 7,291 66.697 GBX

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De La Rue (DLAR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-04-09 16:10:3966.707,2914,862.88O
2020-04-09 15:35:1866.5014,0099,315.99UT
2020-04-09 15:29:5566.50575382.38AT
2020-04-09 15:29:5566.50106.65AT
2020-04-09 15:29:4867.403020.22AT
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De La Rue (DLAR) Top Chat Posts

De La Rue Daily Update: De La Rue Plc is listed in the Support Services sector of the London Stock Exchange with ticker DLAR. The last closing price for De La Rue was 65.70p.
De La Rue Plc has a 4 week average price of 44.75p and a 12 week average price of 44.75p.
The 1 year high share price is 466p while the 1 year low share price is currently 44.75p.
There are currently 103,512,631 shares in issue and the average daily traded volume is 324,109 shares. The market capitalisation of De La Rue Plc is £68,835,899.62.
quepassa: yawn The share price tells the true story. 450p a year ago. 55p now. the rest is hot air
kinwah: There were enough codewords in the statement hinting that they will need to raise cash at some stage but hopefully when the share price has recovered and they can demonstrate the investment case. If the shares recover to £2 I'll cut my losses.
micha14: I think you guys are forgetting that Oberthur has offered 1bln£ for this business only a few years ago. Banks are revieing the debtor and so share price goes down, so what. Thats what banks do, sit around and review the debtors. There is no default threat looking at the Ns here. This is a hig return business who is a market leader, unassailable, in what they do. Their business is spread over 140 countries. Its a classic Buffett example of a wonderful company with a MOAT which has ancountered one time bu solvable proble ( a la american express). Sell the golf clubs, cancel that vacation your wife wants to go on and BUY DLAR
jias: Does anyone know what the 3 year performance related target is? I’d like to see at least a quadrupling of the share price from this miserable level before he gets anything. These targets are usually pathetically easy to achieve. I’m thinking how how Horta Osorio has been massively rewarded at Lloyd’s for a complete shifting of ordinary shareholders.
galaxy enforcer: It is pleasing to see that others are also recognising the current value with the DLAR share price. An article posted earlier in this thread is quite an eye opener; In the year to March 2019, De La Rue made revenues of £516.6million. Of this, £39.3million came from the product authentication business. That unit also contributed £5.7million of profit to De Le Rue’s £60million total – though analysts expect product authentication’;s profits to increase to between £18.7million and £20.7million in this current financial year. That could mean the product authentication business is worth up to £200million, on one analyst’s reckoning. But De La Rue’s troubles are weighing down its shares so much that currently the whole company is valued at just over £160million. Now with the recent sale of one of the business units we would expect the debt level to have been reduced to a more manageable level. Will DLAR be one of the star performers in 2020? From this level it is quite possible.
cravencottage: An extract from II and Edmond Jackson's words of wisdom on DLAR.. Noting last October at 200p, the stock was broadly an “Avoid” in chart terms, I was intrigued how a re-organisation had been underway for some time, and how the business had a history of good cash generation and a new chairman and CEO. Schroders’ appearing with a 5.8% stake swayed me to a “buy” rating, while I emphasised the risks and speculation involved, also “the chief hurdle I envisage is weak interims in a month’s time... a fresh root-and-branch review...when the new CEO might also opt to flag any extra house-keeping costs.” He did exactly that in late November, declaring a new re-organisation and suspending dividends to manage higher debt arising from adverse working capital moves. I should have sat further back from a business with a troubled past, however good its market position, until bosses have declared “kitchen sinking” and bought equity. So, De La Rue is evolving to this proper rule, in the sense the CEO bought into the share price fall, pumping in £51,589 at around 138p, with the company secretary also taking £61,327 worth at 139p and another insider £14,546 worth at 145p. The stock drifted to 125p, which attracted support back up to 135p, and I suspect it is now the recovery “buy” I anticipated.
jfishy55: Interesting comments in The Telegraph business section this morning. It reckons the price is cheap (but will anyone pay for it?) and the Authentication business is worth multiples of the current market cap. Anyone know anything about Authentication? As in, are there barriers to entry? If so, then maybe someone will want to buy it and so buy out DLAR which will push the share price up and reduce the risk of total failure...thoughts anyone?
meijiman: You might think the management might be ashamed by the share price performance. Still not to worry...big boozy lunch lined up for today. Then there's the printing conference in Acapulco in November. Then wind down for Xmas...then it's the Thailand bank note conference in January. Now what's on the to do list for today...Let's start with the key crucial decisions..the Xmas lunch for directors...turkey or goose with all the trimmings..hmm Why not go for both. Decisive management has got me to the top of the tree.
money monster: Quick O/T You might want to look into HDY :- Offer of $8.75m (rns yesterday after hours) Cash balance of $4.2m Total $12.95m Current mkt cap £5m Share price 6.8p 74m shares in issue Only 20m in the free float Good luck whatever you decide
speedsgh: Activist investor, Crystal Amber (CRS), owns a 5.4% stake in DLAR which represents just over 10% of CRS latest NAV to 31/3/19. The following is from Crystal Amber's latest commentary on their portfolio... HTTPS:// De La Rue designs and prints banknotes, produces related components including security features, and also prepares polymer substrate that forms the basis for "plastic" notes. The company also produces individual identity documents and supports the related issuance infrastructure, as well as manufacturing tax stamps, and products and software to authenticate and track individual products throughout their supply chains. In March 2018, De La Rue's share price dropped significantly as a result of the joint announcement of a minor profit warning and the CFO's unexpected departure, followed two days later by news of the company's failure to secure the renewal of the UK passport contract. At this time, the Fund initiated its investment. The banknote industry has high barriers to entry due to the critical nature of the product and a relatively conservative base of central banks customers. Although the penetration of electronic payments is increasing rapidly in many countries, the volume of banknotes issued globally is experiencing modest growth. De La Rue has an attractive mix of long-term customer relationships in geographies with relatively high population growth, including various African and Asian countries. The integration of security features into more banknote denominations is also raising the average production value of new notes. Despite the trends beneficial to revenues from banknote security features and the market tailwinds enjoyed by its identity and product authentication divisions, De La Rue has not delivered underlying earnings growth over the last three years. The primary explanations for this are the loss of a large security features contract towards the end of 2015 and the significant increase in expenditure on both R&D and sales and marketing efforts. The Fund believes that De La Rue enjoys a combination of strong competitive positions in high return businesses and attractive growth opportunities backed by a capacity for both significant organic investment and the acquisition of further technological competencies. The company also has obvious strategic value, as evidenced by the takeover approach from its competitor Oberthur in late 2010, and the early 2018 acquisition of another banknote producer, Crane Currency, by the US-listed conglomerate Crane Co. However, De La Rue’s financial performance has been unacceptable, as demonstrated by earnings per share which at March 2015 were 46.1p, grew only slightly to 47.1p two years later, and then declined to 42.9p by March 2018. Moreover, market forecasts for the year to 31 March 2019 place the shares on a PE multiple of less than 10. Despite management speak of a growth strategy, the stock market lacks any evidence as to how growth in earnings per share is achievable. Therefore, in recent months, the Fund has engaged extensively with both De La Rue’s Chief Executive and Chairman. The Fund has made constructive suggestions and specific proposals aimed at solving these fundamental issues. In addition, the Fund has provided suggestions to improve and increase financial transparency with the information that the company can provide to market participants. The Fund hopes and expects that De La Rue’s management will now effect the change that is required so that market participants can both identify growth and the substantial release of shareholder value. Over the quarter, De La Rue’s share price fell by 8.9%
De La Rue share price data is direct from the London Stock Exchange
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